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Abraham Michelson
About | Practice Areas
The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
Bankruptcy, Chapter 7, Chapter 13
Chicago Bankruptcy Lawyer

When your finances are at stake, choose the best. Don't sink deeper in debt. Contact The Michelson Law Office

800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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John William Bean

Estate Planning, Estate, Guardianships & Conservatorships, Elder Law

Status: In Good Standing

CONTACT

445 Us Hwy 6E, Geneseo, IL 61254

John Bean

Estate Planning, Estate, Guardianships & Conservatorships, Elder Law

Status: In Good Standing

CONTACT

445 Us Hwy 6E, Geneseo, IL 61254

James Nash

Estate Planning, Estate, Guardianships & Conservatorships, Elder Law

Status: In Good Standing

CONTACT

445 Us Hwy 6 East, Geneseo, IL 61254

Mary Ann Brown

Estate, Criminal, Insurance, Credit & Debt

Status: In Good Standing

CONTACT

445 Us Hwy 6E, Geneseo, IL 61254

Curtis James Ford

Estate Planning, Estate, Guardianships & Conservatorships, Civil & Human Rights

Status: In Good Standing

CONTACT

Geneseo, IL 61254

Justin Michael Raver

Estate Planning, Criminal, Civil Rights, Securities Fraud

Status: In Good Standing Licensed: 17 Years

CONTACT

211 W Second St, Kewanee, IL 61443

Reynolds M. Everett

Real Estate, Estate, Transactions, Business, Agriculture

Status: In Good Standing Licensed: 53 Years

CONTACT

Yocum Bank Bldg., Galva, IL 61434

Robert Nelson Nash

Estate Planning, Estate, Guardianships & Conservatorships, Elder Law

Status: In Good Standing

CONTACT

445 Hwy 6E, Geneseo, IL 61254

James Hade Nash

Estate Planning, Estate, Guardianships & Conservatorships, Elder Law

Status: In Good Standing

CONTACT

445 Us Hwy 6 East, Geneseo, IL 61254

John Gus Ames

Real Estate, Government, Estate Planning, Estate

Status: In Good Standing Licensed: 64 Years

CONTACT

Orion, IL 61273

800-923-0641

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LEGAL TERMS

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

FUNDING A TRUST

Transferring ownership of property to a trust.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

SAMPLE LEGAL CASES

In re Estate of Feinberg

This case involves a dispute among the surviving children and grandchildren of Max and Erla Feinberg regarding the validity of a trust provision. The circuit court of Cook County found the trust provision unenforceable on the basis that it is contrary to the public policy of the state ...

In re Estate of Feinberg

In re ESTATE OF Max FEINBERG, Deceased (Leila R. Taylor, as Independent Coexecutor of the Will of Max Feinberg, Deceased, Plaintiff-Appellant, v. Michael B. Feinberg, Individually and as Coexecutor of the Will of Max Feinberg, Deceased; Fifth Third Bank, as Trustee under ...

In re Estate of Ellis

Grace Ellis executed a will in 1964 naming Shriners Hospitals for Children (Shriners) as beneficiary of her estate if she died without direct descendants. In 1999, she executed a new will naming James G. Bauman as sole beneficiary. Bauman was the pastor of the church of which ...

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Henry County, IL Estate Lawyers

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

John William Bean

John Bean

James Nash

Mary Ann Brown

Curtis James Ford

Justin Michael Raver

Reynolds M. Everett

Robert Nelson Nash

James Hade Nash

John Gus Ames

TIPS

LEGAL TERMS

SWEARING MATCH

TRUST CORPUS

PUBLISHED WORK

LETTERS TESTAMENTARY

FUNDING A TRUST

PRETERMITTED HEIR

ENDOWMENT INSURANCE

IRREVOCABLE TRUST

ESTATE TAXES

SAMPLE LEGAL CASES

In re Estate of Feinberg

In re Estate of Feinberg

In re Estate of Ellis

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